Will writing (not lawyer but trustee)
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 Aug 21 2021, 07:27 AM
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#1
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Junior Member
80 posts Joined: Nov 2006 From: Ipoh 
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I have decided to set up a trust fund since I want much of my money to go to charities. Is there anyway I can find a comparison of the charges by bank trustees? Or are the charges set by BNM? A few of the will writing and estate management firms I have contacted seem to work with RHB trustees. How about Maybank? Cimb?
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Sep 16 2021, 01:27 AM
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#2
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Junior Member
80 posts Joined: Nov 2006 From: Ipoh
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QUOTE(lifebalance @ Aug 21 2021, 08:45 AM) I do have 5 corporate trustees that I work with including offshore (depending on how you would like to structure the trust fund). I don't have much to work with offshore fund, 😬 The other method is, you can try to enquire 1-by-1 by calling in.  But enough to set up a private trust and separate it from my estate. I thought the trustees would invest for me but it turned out I have to assign another firm for that part. Are you an investing firm working with those corporates? |
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Sep 16 2021, 01:32 AM
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#3
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Junior Member
80 posts Joined: Nov 2006 From: Ipoh
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QUOTE(Ewa Wa @ Aug 22 2021, 02:11 PM) I think RHB Trustee has given outsource licensees to agents, FA etc. Whereas MBB and CIMB and most bank trustee only for their internal staff to promote their will writing and trust service. A private trust fund or a living fund is another term, I think.What kind of trust u wan to set up? private trust, insurance trust or just testamentary trust? I have only spoken to two investment firms that are working with RHB trustees. But as @lifebalance says better check out each one. I think I'll do that. |
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Sep 20 2021, 12:25 PM
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#4
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Junior Member
80 posts Joined: Nov 2006 From: Ipoh
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QUOTE(Ewa Wa @ Sep 16 2021, 07:51 PM) Do check this company http://www.arecacapital.com/ - They are a mutual fund company but they have this product call Cash Trust Fund. Min 1mil cash to place into this Cash Trust then this company will help to manage the funds and the trustee company is under Affin Hwang. You can write all ur instruction inside. That's what I am looking for, to compare services. Thank you.If u need the contact can PM me. |
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